LIC Jeevan Rakshak Plan 827

LIC’s Jeevan Rakshak Plan is a regular premium paying Non-market-linked, With-Profits, Endowment Assurance plan. Jeevan Rakshak plan is available to standard lives only without any medical examination and the total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 2 lacs.

• Minimum Basic Sum Assured: Rs. 75,000/-

• Maximum Basic Sum Assured: Rs. 2,00,000/-

• Minimum Policy Term: 10 years

• Maximum Policy Term: 20 years

• Minimum Entry Age: 8 years (completed)

• Maximum Entry Age: 55 years (nearer birthday)

• Maximum Age at Maturity for Life Assured: 70 years

• Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly

• Accidental Death & Disability Benefit Rider is available on payment of additional premium.

• Minimum entry age for the rider is 18 years.

• Minimum Accident Benefit Sum Assured is Rs 10,000

• Maximum Accident Benefit Sum Assured is an amount equal to the Basic Sum Assured subject to the maximum of Rs 1 Cr.

LIC’s Jeevan Pragati Benefit Details

• On Death before completion of 5th policy year: “Sum Assured”

• On Death after completion of 5th policy year: “Sum Assured + Loyalty Addition if any.”

• Where ‘Sum Assured on Death’ is defined as the higher of 10 times of Annualized Premium, OR 105%of all Premiums paid as on death